Business Studies

Retailers are normally situated very near to the residential areas and remain open for long hours. This service is called _____.


ANSWER

Convenience in buying


SOLUTION
Convenience is continuing as a key driver in loyalty for most customers.Convenience, according to Merriam-Webster, is “something (as an appliance, device, or service) conducive to comfort or ease.” The desire to get things done conveniently is not new.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 218
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
These are demanded when buyer return goods already paid for on grounds of , say, unacceptable quality _____________.
  • A. Debit Notes
  • B. Credit Notes
  • C. Sales Letters
  • D. Statement of Accounts

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 TRUE/FALSE Medium
Wholesalers increase the cost of marketing and price of the products goes up. State whether this is an argument which favors elimination of wholesalers.
  • A. True
  • B. False

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
GST is ______________.
  • A. a value added tax
  • B. tax on goods and services
  • C. tax on consumer goods and services
  • D. none of the above

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Facilitating large scale production is one of the services of wholesalers to manufacturers. What do wholesalers do through this function?
  • A. Wholesalers provide financial assistance to the manufacturers in the sense that they generally make cash payment for the goods purchased by them.
  • B. They bear lots of risks such as the risk of fall in prices, theft, pilferage, spoilage, fire, etc.
  • C. Wholesalers collect small orders from number of retailers and pass on the pool of such orders to manufacturers and make purchases in bulk quantities.
  • D. All of the above

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
The departmental store caters to the needs of relatively_________________ of people.
  • A. high income group
  • B. low income group
  • C. Both A and B
  • D. None of the above

Asked in: Business Studies - Internal Trade


1 Verified Answer | Published on 18th 08, 2020

View Answer